ECC fixes new per bag price of imported urea

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet chaired by Finance Minister Asad Umar on Monday (today) to discuss the market price of the imported urea, ARY News reported.

The ECC meeting  fixed per bag price of the imported urea at 1712 rupees.

The meeting also discussed the availability of urea, its demand and the prospects of its future import.

The market price of imported urea was earlier fixed at  Rs1730 per bag.

The ECC had in September allowed import of urea to the tune of 100,000 tons and also decided to restore gas supply to two closed fertilizer plants to increase the urea production to meet the local demand.

The meeting also likely to discuss the prices of commodities and the economic indicators of the country.